TikTok’s owner ByteDance agrees to settle $92M class-action lawsuit

According to a document filed in the U.S. District Court in Illinois, China’s ByteDance has agreed to settle a $92 million class-action lawsuit from U.S. TikTok users who had alleged data privacy concerns. ByteDance, TikToko’s owner, has agreed to the settlement after more than a year of litigation. “While we disagree with the assertions, rather…

Daimler signs licensing agreement with Sharp Corp after losing patent lawsuit

On Wednesday, in a statement Sharp Corp said, German automaker Daimler has signed a licensing agreement with it following a settlement in a patent infringement lawsuit concerning in-vehicle mobile communications technology. In a court ruling last month, Sharp won the patent dispute with a German court allowing Sharp to enforce a sales ban against Daimler…

Cisco ordered to pay $1.9 billion in damages to Centripetal Networks Inc over patent infringements

U.S. networking giant Cisco Systems Inc has been ordered, by a U.S. judge, to pay $1.9 billion to a Virginia-based company which had accused it of infringing on its cybersecurity patents. After a month of a non-jury trial, U.S. District Judge Henry Morgan in Norfolk, Virginia, found Cisco of infringing on four Centripetal Networks Inc’s…

Nokia wins second round in legal fight against Daimler on patent licensing fees

In a significant win for Finnish telecommunication equipment maker Nokia, a German court has ruled against Daimler over patent licensing fees with the judge saying the carmaker had not made a serious attempt to resolve the issue with Nokia. The litigation underscores a wider battle with tech companies and carmakers over royalty payments for technologies…

Google win lawsuit against consumer group over its photo sharing and storage policies

The U.S. District ruled in favor of Google since the plaintiffs did not suffer any “concrete injuries.” A U.S. judge threw out a lawsuit filed by consumers against Google on the grounds of lack of “concrete injuries.” A group of consumers had claimed that Google’s photo sharing and storage service violated their privacy. U.S. District…

Phillip Frost settles SEC stock manipulation charge for $5.52 million

Phillip Frost, 82, who according to Forbes magazine is worth $1.9 billion, was charged by the SEC, along with other defendants, of defrauding investors and made $27 million in improper gains. He has now settled the SEC charge by paying $5.52 million. Phillip Frost, Florida’s biotechnology billionaire has agreed to settle with the U.S. Securities…